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WELLS FARGO REPORTS RECORD NET INCOME Form
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People also ask
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What is Wells Fargo 3q 2023 earnings?
Chief Executive Officer Charlie Scharf commented, “Our third quarter results were solid with net income of $5.8 billion and revenue of $20.9 billion. -
What are Wells Fargo's reported earnings?
Quarterly Earnings Surprise Amount Fiscal Quarter EndDate ReportedEarnings Per Share*Sep 202310/13/20231.39Jun 202307/14/20231.25Mar 202304/14/20231.23Dec 202201/13/20230.67 -
What is Wells Fargo income for 2023?
Third quarter 2023 results included: Chief Executive Officer Charlie Scharf commented, “Our third quarter results were solid with net income of $5.8 billion and revenue of $20.9 billion. -
Will WFC beat earnings?
Wells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity. -
What's going on with Wells Fargo 2023?
The bank also raised its 2023 expense forecast to about $51.5 billion, up from an earlier estimate of about $51 billion. Despite U.S. proposals that would require Wells Fargo to raise its capital levels, the bank said it aims to return more capital to shareholders. -
What is Wells Fargo estimated earnings?
WFC - Wells Fargo & Company Earnings EstimateCurrent Qtr. (Dec 2023)Next Qtr. (Mar 2024)Avg. Estimate1.281.08Low Estimate1.140.88High Estimate1.441.18Year Ago EPS0.611.231 more row -
What is the net income of Wells Fargo q3?
Net income rose to $5.77 billion in the three months ended Sept. 30 from $3.59 billion a year earlier, driven by an 8% increase in net interest income. -
What is Wells Fargo source of income?
The bank makes money by lending out at a higher rate than it borrows. Wells Fargo operates four segments including Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.
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